Delta RSI indicator: the best combination of oscillators
Delta RSI indicator - is a combined oscillator based on the interaction of fast and slow RSI indicators.
The Delta RSI indicator takes into account the mutual location of these indicators, as well as the location of the slow RSI relative to the level set by the trader.
How to use the signals of the Delta RSI indicator?
- If the slow RSI is greater than 50 and the fast RSI is greater than the slow RSI, the histogram turns red, indicating that the oversold.
- If the slow RSI is less than 50 and the fast RSI is less than the slow RSI, the histogram turns green, indicating that the overbought.
Delta RSI indicator - is quite an interesting tool, which can be used as an effective filter and, with some refinement and combination with other indicators, as a source of signals for input.
Other modifications of the RSI indicator
